TATA Capacite who won the tender in June first week this year is going to redevelop the Worli BDD Chawl project into 5 phases in next 8 years.
The Executive Engineer S.S. Konnur optimistically conveyed his message through officials to Accommodation Times; he said the redevelopment process will be in phase manner. The project will be built in 8 years in 5 phases.
When asked about the sale component he said, around 3,000 flats MHADA will lottery for MIG and LIG. He further added tenants will get 2 BHK flat which is 500 sq.ft from 160 sq.ft.
There are 121 chawls in the area, which has 9,680 tenants which will have alternate accommodation at the same site in the transit camp.
The official from MHADA said, the contractor has no right on MHADA flats, he will build and go.
Authority has sent the details to the government for sanctioning the project and it will take 15-20 days for approval of it. Till now no work order has issued to TATA Capacite, it added.
The TATA Capacite L1 bidder quoted Rs 49,617 per sqm and successfully won the bid. Three companies participated in the tender for the redevelopment of Worli BBD chawl project. Arabian Construction Company Holding Ltd and ACC quoted Rs 53,810 per sqm for it and the third bidder which was Chinese firm couldn’t bid due to security clearance.
The British had constructed BDD chawls, at Worli, Naigaon, NM Joshi Marg in the 1920s as a low-cost housing project. The redevelopment project is pegged at Rs 16,000 crore.